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Search: Posts Made By: durham_lad
Showing results 1 to 25 of 100
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Forum: USA
Apr 12th 2023, 8:51 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

Thanks for this, very encouraging.
Forum: USA
Apr 12th 2023, 7:27 am
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

I thought I would clarify this.

I am fully retired and have been for 13 years now, no paid work at all. I receive both a qualified pension and a non-qualified SERPS pension from from my former...
Forum: USA
Apr 11th 2023, 7:58 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

I certainly hope you are correct. I will continue paying into SS after age 70. I intend to take SS at age 70 in 2 years, at which point I will have 28 years of contributions. If I can make 30 years...
Forum: USA
Apr 3rd 2023, 3:32 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

I can see exactly where you are coming from and there are annuities in the USA that you can pay into using after-tax money then convert them to a monthly drawdown and the 1099-R each year will show a...
Forum: USA
Jun 17th 2022, 3:43 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

I agree, and if SS payments are due then they are well used to paying them directly into a UK bank, and at the best exchange rate you can get. My wife has been receiving SS payments for over a year...
Forum: USA
Jun 1st 2022, 8:46 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

My wife answered No to that question as she never used the Totalization Agreement.
Forum: USA
Jun 1st 2022, 7:59 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

I really don’t know what the calculation is, how much each year of voluntary contributions reduces WEP and how long it will take to recover the amount paid, particularly if the contributions are at...
Forum: USA
Jun 1st 2022, 7:04 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

My wife completed the following form and sent it to the FBU at the US Embassy with a copy of her NI contributions record, and they said that they would verify with the UK DWP.
...
Forum: USA
Apr 26th 2022, 8:39 am
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

I think max WEP is around $6k/year reduction in SS so it is definitely very significant.

Fortunately SS was not needed in our retirement planning, I always put zero in the calculators. More...
Forum: USA
Apr 25th 2022, 7:07 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

For sure, if you have 30 years of SS contributions then no need to file the form or even consider WEP.
Forum: USA
Apr 25th 2022, 4:42 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

Below is the form you need to send in to them. Note that section 5 asks about voluntary contributions.

https://www.ssa.gov/forms/ssa-308.pdf
Forum: USA
Mar 20th 2022, 8:52 am
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

3 years to go now before, at age 70, I start drawing my SS. It will be reduced by WEP but hopefully not by much as I will have 28 years of contributions by then. Because of the SERPS pension I...
Forum: USA
Mar 20th 2022, 8:35 am
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

That was the same with myself and my wife. I had 30 years and my wife 31 so we both fell a little short of full pension.



I agree but am not sure of the exact timings.
Forum: USA
Aug 5th 2021, 8:46 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

absolutely.
Forum: USA
Aug 5th 2021, 7:44 am
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

The voluntary payments I made were Class 3 after I had retired so that is the difference. Hopefully the timing will be acceptable to SSA, in that the years listed as self employment match years in...
Forum: USA
Aug 4th 2021, 9:39 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

My record is very clear as I was never self employed.

”2019-20 Full year
You have contributions from
Voluntary: 52 weeks”
Forum: USA
Aug 4th 2021, 8:29 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

When you log onto your HMRC account online to check your NI contributions record it is clear which years are voluntary.
Forum: USA
Jul 28th 2021, 9:18 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

Yes, I would think so.
Forum: USA
Jul 20th 2021, 3:10 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

Form SSA-308 is used to identify which years were from work and which were from voluntary contributions for foreign pensions. This is the form she was asked to complete after she begins receiving her...
Forum: USA
Mar 6th 2021, 7:26 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

while living in the USA my wife and I signed up and created accounts on the HMRC.gov website which provides all this info online.
Forum: USA
Mar 6th 2021, 6:58 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

Thanks Robin. Good to hear an account of an actual experience
Forum: USA
Mar 6th 2021, 6:16 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

We are facing a similar situation. I started by UK state pension last month and my wife will start hers in November. Our UK NI contributions clearly state which years were from wages and which were...
Forum: USA
Nov 12th 2020, 12:38 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

To add to the complexity, this company is a Louisiana company and all W2 reported income is subject to Louisiana State income tax no matter where you reside and the mandatory withholding each year is...
Forum: USA
Nov 10th 2020, 1:13 pm
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

They pay me on a 1099R as well. The company I joined was a Joint Venture (JV) company owned jointly by 2 large chemical companies and the JV is a legal entity LLC in its own right that owns no...
Forum: USA
Nov 10th 2020, 7:53 am
Replies: 1,834
Views: 537,526
Posted By durham_lad

Re: UK state pension and USA social security

Exactly.

I am retired and part of my income is an unqualified pension paid by my old US company and reported via a W-2 so I am still paying into SS with FICA taxes (no Medicare just SS payments)....
Showing results 1 to 25 of 100
 
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